Business, 10.05.2021 19:40, kalieghcook

The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information: Sales at $450,000, all for cash.
Merchandise inventory on October 31 was $200,000.
The cash balance November 1 was $18,000.
Selling and administrative expenses are budgeted at $60,000 for November and are paid for in cash.
Budgeted depreciation for November is $25,000.
The planned merchandise inventory on November 30 is $230,000.
The cost of goods sold is 70% of the selling price.
All purchases are paid for in cash.
There is no interest expense or income tax expense.
The budgeted cash receipts for November are:.
a. $315,000.
b. $450,000.
c. $135,000.
d. $475,000.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 16:20, tristan4233

Carlos hears juan and rita’s complaints about the new employees with whom they have to work with, as well as their threats to quit the company. if carlos were to reassign juan and rita to new, unique roles and separate them from the ronny and bill, it would signal that carlos has moved into the stage of managing resistance.

Answers: 3

continue

Business, 23.06.2019 00:00, kyledsmith18

In this multi-channel funnel report, which two channels have the highest overlap and would benefit from coordinated marketing messaging?

Answers: 2

continue

Business, 23.06.2019 02:00, raprocksbob

Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.

Answers: 3

continue

Business, 23.06.2019 07:40, Naysa150724

If airlines do not change their prices how else might they try to compete with each other?

Answers: 3

continue

Do you know the correct answer?

The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the...